PERSONAL FINANCIAL PLANNING (665)





CourseĀ  Objectives

o       Understand the financial planning process-what it is and what it can do.
o       Apply the financial planning process through assignments related to experiences with money.
o       Set short and long term savings goals and develop a plan to reach those goals.
o       Explore options concerning the costs and benefits of career planning, budgeting, savings and investing, credit and risk management.
o       Use money management software to apply financial decisions to real world applications.





Performance Indicators

o       Set financial goals and plan to meet them
o       Research careers
o       Prepare/update a resume
o       Set up a personal budget and track expenses
o       Set up a checkbook and perform bank account reconciliation
o       Understand savings and investment options
o       Learn the value of an early savings strategy  
o       Discuss different investing options, including stocks, bonds, mutual funds and real estate
o       Analyze uses of credit and determine cost and benefits of using credit wisely and avoiding debt
o       Compare insurance options and discuss different types of insurance, including health, property, life, disability and liability
o       Use money management software to set goals and track the financial planning cycle





Standards Alignment

Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.
Identify various forms of income and analyze factors that affect income as a part of the career decision-making process
Develop and evaluate a spending/savings plan
Evaluate savings and investment options to meet short and long-term goals
Evaluate services provided by financial deposit institutions to transfer funds
Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit
Analyze choices available to consumers for protection against risk and financial loss
Apply a decision making model to maximize consumer satisfaction when buying goods and services





Technology Standards Alignment

Performance Indicators:
1, 2, 3, 5, 8, 9





Student Assessment

o       Chapter tests and quizzes
o       Projects
o       Research reports
o       Final exam





Student Activities

o       Class discussions
o       Research  careers, investing, insurance and credit
o       Use Quicken to set up personal financial accounts
o       Create and modify personal budgets
o       Create a personal financial plan





Mission and Student Expectations Alignment

A2      All students will utilize effective literacy skills: communication, writing effectiveness, reading analysis and interpretation

A3      All students will meet performance standards for technological literacy in their classes.





Applied Learning Alignment

o       Communication Tools and Techniques A2b, A2c
o       Information Tools and Techniques A3c,  A3e
o       Learning and Self-Management Tools and Techniques A4b, A4c
o       Tools and Techniques for Working With Others A5a






Common Core Standards for Mathematics

CC.9-12.A.SSE.1
CC.9-12.A.CED.1
CC.9-12.A.CED.2
CC.9-12.A.REI.1,2
CC.9-12.A.CE D.3
CC.9-12.F.1F.4
CC.9-12.F.IF.5
CC.9-12.N.Q.2
CC.9-12.F.LE.1B
CC.9-12.F.LE.1C
CC.9-12.F.LE.3






Common Core of Learning

Communications
  Read widely and attentively
  Speak, listen and converse intelligently
Problem Solving
  Learn continuously, effectively solve problems
Body of Knowledge
  Know about themselves, know about others
Problem Solving and Responsibility
  Acquire the necessary skills, competencies and   personal qualities to succeed in the workplace
  Respond to challenges with integrity, honesty and courage